Capital Elite Developments announced the signing of a management agreement with U.S. Wyndham Hotels & Resorts, the world’s largest hotel franchising company, to develop Wyndham Hotels & Residences Cairo West, with total investments amounting to EGP 13bn.
The agreement was signed by Eng. Mostafa Mansour, Chairman of Capital Elite Developments, and Mr. Dimitris Manikis, President of Wyndham Hotels & Resorts for Europe, the Middle East, Eurasia and Africa (EMEA), in the presence of officials from both companies.
Eng. Mostafa Abdallah Gomaa Mansour, Chairman of Capital Elite Developments, said, “Our collaboration with the Wyndham Hotels & Resorts to develop this flagship project in Cairo west represents a major milestone in our journey as a leading real estate developer. Wyndham’s global expertise in hospitality management adds exceptional value to the project, and this partnership underscores our commitment to working with world-class entities to deliver distinctive developments that enrich the Egyptian real estate market.”
Mostafa Mansour added that the project also aligns with the state’s strategy to expand the number of hotel rooms in West Cairo.
He explained that the project is located in the heart of the vibrant Dreamland area, near the Giza Pyramids and the Grand Egyptian Museum. It is considered one of the largest integrated hotel and residential developments, combining luxury, innovation, and a strategic location—making it an ideal destination for both leisure and business stays.
He further noted that construction is scheduled to begin before the end of next year. The five-star hotel, managed by the company, will feature 600 hotel and residential units — including 150 hotel rooms and 450 branded residences — in addition to over 1,500 sqm of event spaces and world-class sports and recreational facilities designed in line with Wyndham’s latest global standards.
The company also announced its partnership with ACE Moharram.Bakhoum, with plans to launch the first phase of the project within just 45 days. Project delivery is scheduled for December 2029, as the company aims to create an iconic architectural landmark in West Cairo, Mansour disclosed.
He stated that the development marks a new starting point for the company’s expansion plans in the coming years, through the development of new hotel and residential projects across various locations, in strategic partnerships with international brands that contribute to elevating the quality of Egypt’s real estate and tourism sectors.
Mr. Dimitris Manikis, President of Wyndham Hotels & Resorts for Europe, the Middle East, Eurasia, and Africa (EMEA), said, “Egypt’s tourism sector is experiencing exceptional growth, driven by rising demand for premium accommodation, making it a central hub for our expansion in North Africa.”
He said that the agreement underscores Wyndham’s commitment to delivering world-class hospitality across the region by offering travelers outstanding experiences and providing branded residence owners with the advantages of Wyndham’s global reach, deep expertise, and comprehensive partner support.
الرابط المختصر: https://propertypluseg.com/?p=154874
